Quote:
I'm trying to think about what positive motives you could have for voting against a minimum-wage increase. I think it could be considered pro-business; after all, it's easier to operate in the black if you don't have to pay your minimum-wage employees an extra $1.10 an hour. But it's been 8 years since an increase, the minimum wage doesn't even come close to a livable wage, and I can't view this as anything but disinterest in the lower class.
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Positives? Preventing Inflation.
Raising the minimum wage may make things look good for a couple of months, but it will do nothing. Businesses wont just absorb the profit changes, they'll just pass it to the customer. What does this do?
Those $.99 burgers go up to 1.29.
The higher end jobs find themselves closer to the no-talent job incomes. Because they are in higher demand (less competition), they get paid more.
Everything costs more in turn. From manufacture to trucking to services. This makes the minimum income required to "live" is raised in turn. So those it's intended to help get no benefit.